Chapter One: Suzie, Do You Copy? - S3-E1
Factual error: When Dustin's toy collection "comes to life" (thanks to Eleven), one of the robots is the Transformer Ultra Magnus. Though it appears to be modified with a motorized engine that the actual toy didn't have, that's not the mistake, as there no reason Dustin couldn't have modified it. The error is that the season is set in July 1985, but Ultra Magnus wasn't released in the U.S. until 1986. (Yes, the toy was available as a Diaclone in Japan, but in a different color scheme. Dustin's has the coloring of the U.S. version, and even if he somehow ended up with the Diaclone version, it's highly unlikely he would have repainted a Japanese toy to resemble a Transformer he wouldn't know about the existence of yet, as the 'Transformers' animated movie wasn't released until August 1986).
Answer: They're both muscle cars, but that's about the extent of the similarities. But the 70's were filled with a lot of muscle cars, so some car models may look a bit like another's. Billy's car is a late 70's Chevy Camaro (probably a ‘79). Mad Max's car is a 1973 Ford Falcon XB GT. Incidentally, the Ford Falcon was produced by Ford Australia and wasn't an American car, or even sold in America (as in not sold at dealerships).
Bishop73
According to the experts its a Camaro '78 with added vented side fenders.